Join us to learn how to reduce employee turnover and retain key staff. It doesn’t have to be complicated. Modern online tools can be a great help to HR professionals today.
High turnover rates are a significant problem for many companies, which can negatively affect the stability and productivity of the company. A certain degree of turnover is natural and even desirable. However, excessive turnover is undesirable and entails, among other things, high costs for recruiting, training, and adapting new employees. Turnover is a complex phenomenon that is related to many factors. Not all of them can be easily influenced, but many can! Let’s take a look at a few areas that, if you focus on them, can greatly help stabilize your workforce.
Consider the needs of different generations
ZWhile older generations (baby boomers and Generation X) appreciate retirement benefits, spa treatments, or above-standard preventive healthcare, younger employees (Generations Y and Z) often seek flexible working hours, remote work options, corporate training, and development opportunities. Always keep the different needs of different generations in mind when developing your HR employee motivation strategy.
Start with recruitment
Does the applicant always know everything they need to know about the company, salary, employee benefits, and job position? If so, it can save a lot of unpleasant situations. Employees should also be able to ask about everything they need to know at any time.
Personalize employee benefits
Especially nowadays, employees appreciate the opportunity to choose according to their own preferences. Flat-rate benefits are a thing of the past. The trend is toward cafeteria benefits, where employees can choose whether to use their leisure benefits for fitness, yoga classes, massages, or a trip to the cinema. eBenefity employee benefits are the ideal solution here.
Don’t forget annual employee evaluations
This individual work with people is absolutely essential. Regular evaluation interviews are the ideal space for open dialogue and mapping satisfaction, opportunities, and further development. And so that employees don’t have to wait a whole year for positive feedback, you can use the Praise feature in your company on a daily basis. It offers much-needed feedback in a simple online form. You can find this feature in the Můj Up app as part of the Verso package.
Promote transparent and effective communication
Open internal communication and employee engagement help create a sense of calm, security, and loyalty. Regular feedback and the opportunity to express one’s opinion strengthen trust and contribute to employee stability. You can also promote transparent communication with simple online tools in the Můj Up app, such as News, Ask Your Employer, or Employee Suggestions, where employees can share feedback or improvement suggestions from their own experience.
Pay attention to continuous development and corporate training
Support for continuous development, as well as elements of mentoring and coaching, play a positive role in retaining employees, especially younger ones. Programs for developing soft skills, technical know-how, and mentoring opportunities help employees feel valued and develop their potential.
Don’t forget the exit interview when employees leave
Always focus on the specific reasons for the employee’s departure. Conduct interviews in a positive and confidential atmosphere, and always in private! You can then plan action steps based on the information you gather.
Innovative HR software can also help
Modern tools strengthen corporate culture and brand building. HR tools are usually online, employees enjoy them and are happy to use them. This makes it easier for employees to get to know their colleagues, give feedback to the company and use many other features, some of which even protect the environment.
Preventing turnover requires a systematic approach, but it definitely pays off in the long run. And you don’t have to do it alone. All you need is a skilled partner who will help you not only with turnover, but also with internal communication, employee motivation, recruitment, and corporate culture. That’s the Verso package.
